Investor sentiment remains unsettled amid rising concerns around Trump's proposed adjustments to tariffs. Tensions grow as trade partners may mount countermeasures that intensify the effect of increased duties on business.
Market watchers say Trump may announce the new fee schedule on what he dubs "Liberation Day" just after markets end at about 4:00 p.m. ET. Details remain uncertain with proposals ranging from a flat 20% fee to measures focusing on particular industries.
Officials noted that the new set of tariffs would go into effect at once and indicated a willingness to negotiate lower rates if necessary. A 25% tariff on steel and aluminum imports has been consistently active since March 12.
